Verenium VRNM Stock Up on BP Partnership - Vercipia

July 30, 2009 - Shares of Verenium Corporation (VRNM) are spiking this morning as the company teams up with BP to Advance the Commercialization of Cellulosic Ethanol. VRNM stock is trading at $0.75 Up 32%.

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BP and Verenium Announce Vercipia Biofuels to Advance the Commercialization of Cellulosic Ethanol

50-50 joint venture company building first commercial project in Highlands County, Florida

BP and Verenium Corporation (Nasdaq: VRNM) today announced that its 50-50 joint venture company will operate under the name Vercipia Biofuels, and plan to relocate its corporate headquarters to Florida. Vercipia continues to focus on the development of one of the nation's first commercial-scale cellulosic ethanol facilities, located in Highlands County, Florida. The company is also developing a second commercial-scale cellulosic ethanol site in the Gulf Coast region.

"I continue to be pleased and enthusiastic with the progress our joint venture - Vercipia - has made in only a few short months, and I look forward to a highly productive and successful next two years as we move toward bringing a first commercial facility into production," said Carlos Riva, President and Chief Executive Officer at Verenium. Full Article

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